Oil Falls From Two-Month High as Equities Drop, Dollar Gains
This article is for subscribers only.
Oil fell from near a two-month high in New York after equities slipped and as the dollar rose against the euro for a second day.
Futures retreated yesterday after U.S. stock markets declined for the third time in four days and the dollar gained, as investors sought more stable assets instead of commodities. An Energy Department report tomorrow will probably show crude supplies rose last week, according to a Bloomberg News survey.